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5. India’s exports to Myanmar, though small, range from primary
commodities to manufactured products. Primary and semi-finished
steel along with steel bars and rods constitute over one third of
India’s exports. Coupled with metals, this commodity accounted for
30% of India’s exports to Myanmar in 2001-02. Pharmaceuticals are
the next most important item and accounted for 17.70% of India’s
exports to Myanmar in 2001-02. Indian drugs and pharmaceuticals have
established a significant market presence and major Indian
pharmaceutical companies like Ranbaxy and Dr. Reddy’s Laboratories
are represented in the country. Export of plant and machinery and
consumer goods, though small, is showing promise.
6. Myanmar is India’s gateway to ASEAN as it is the only ASEAN
country which has a land and maritime border with India. After
becoming a sectoral dialogue partner of ASEAN in 1992, a full
dialogue partner in 1995 and a member of the ASEAN Regional Forum in
1996 and the launch of India-ASEAN Summits in the year 2002, the
signing of the Framework Agreement on Comprehensive Economic
Cooperation between India and ASEAN in 2003 is a watershed in this
growing relationship. Besides, it is worth noting that the common
membership of sub-regional organizations such as BIMST-EC and Mekong
Ganga Cooperation (MGC) provides further avenues of mutual
cooperation. On the other hand, India could become Myanmar’s window
to the West. India can be the interface for Myanmar with the rest of
SAARC. India has also forged strong economic ties with Central Asia,
West Asia, the Russian Federation, European Union and the US.
Myanmar can also benefit from these links.
7. A systematic and synergetic policy would need to be drawn up in
which the two countries would have to identify their strengths and
requirements and then work towards mutual benefit. India’s strength
in the field of Information Technology is acknowledged the world
over. India is in the process of providing substantive assistance to
Myanmar in this area. Similarly, some of India’s indigenously
developed communication technology which has been tried and tested
in rural areas is being transferred to Myanmar. India has also
developed home-grown pharmaceutical industry. Another area of
India’s strength is in the field of light engineering goods. The
quality of our power generators, transmission equipment, textile
machinery, bicycles and bicycle parts meets international standards.
Another area of India’s expertise is medical care and human resource
development. Indian hospitals provide multi-therapy and
rehabilitation at costs which are a fraction of those in Europe and
US. Similarly, India’s educational institutions are providing
excellent training facilities at low costs. |